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Author Archives: Ernie Barsamian

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Goldilocks Economy: Market Cheers Amid Lower Inflation and Jobless Claims, But Oil Prices Remain a Wild Card

Last week saw headline prices declining during the month for the first time in four years. Along with it, annual inflation fell below 3% for the first time in a year. Core inflation was better than forecast, coming in at 3.3% which was the lowest in three years.  Supporting this positive economic news was the fact that there […]

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A Tale of Two Economies: The Divergent Perspectives on Our Economic Health

How can some people say our economy is doing great while others say that it’s a disaster? How can something so simple be so paradoxical? Of course, we’re all entitled to our own opinions, but no one is entitled to their own facts. The jobless rate has now been at or below 4% for over 2 years, a streak […]

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AI’s role in the commodity trading space with Chris Hewett at Sphere

Today’s Guest on Tank Talk is Chris Hewett Head of Client Services at Sphere. In this Episode our topic is AI and the applications in the commodity trading space. Chris shares his perspective on AI transforming siloed data in trading industry today.

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Who Let the Bulls Out? Energy Markets Heat Up Amid Rising Oil Prices and Market Gains

Who let the bulls out? Woof woof. The days are getting shorter, but things aren’t getting any cooler – in our atmosphere or in the energy markets. For the week, both crude benchmarks were up about 3% after gaining about 4% last week. Brent ended the week at $85.24 a barrel and WTI crude settled at $80.73, gaining back […]

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All things Refining with Hillary Stevenson at IIR

Today’s Guest on Tank Talk is Hillary Stevenson Senior Director, Energy Market Intelligence at IIR Energy. In this Episode our topic is all things refining. Hillary shares her insights on the current refinery runs, refinery turn arounds, and refining margins. Thanks for listening and feel free to check out The Tank Tiger’s Data service.  

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From 1 to 5,000: Celebrating The Tank Tiger’s Milestone in Connecting Customers and Storage Facilities

To count from 1 to 5,000 would take you about twenty-three minutes. To connect 5,000 customers looking for storage with 5,000 storage facilities took The Tank Tiger a little over 9 years. We’re pleased to report that last week we reached that milestone and cemented the proof of concept that there is value in the terminal storage […]

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NY Harbor Shrinkage

When most people think about shrinkage, they think about George Costanza in the pool. However, there is a very serious shrinkage situation happening in the world of storage. Under the shadow of the lights of Yankee Stadium, slowly but surely, the amount of petroleum storage capacity that serves the NYMEX has been shrinking and the trend has […]

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Technology use in Oil/Chemical Terminals discussion with Jim Paladino at Perceptive Sensors

Today’s Guest on Tank Talk is Jim Paladino at Perceptive Sensors. In this Episode, Jim explains the technology behind their product detecting sensors for the terminal industry.  

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OPEC+ Extends Oil Production Cuts to 2025: What It Means for U.S. Producers and the Global Market

Before you could say Jack Robinson, the ministers of OPEC+ wrapped up their short “meeting” on Sunday with a yallah and a tayyib and, to the surprise of no one, agreed to continue its oil production cuts into the year 2025.   There wasn’t even any time for dessert baklava. The next meeting isn’t until December, so there […]

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